Cirata Share Discussion Threads

[stephh1] 03/5/2024 18:45

They are doing this for almost 20 years now. Wonder why Kelly doesn't see through that? Maybe he doesn't want to

[owenski] 03/5/2024 18:44

What idiots and institutional idiots pump money into this scam.

[bones698] 03/5/2024 18:04

Diving as expected before the next round of begging for money. Not signed anything like enough deals and will be loss making for years. Money pit. Worth 10p at best imo

[phowdo] 03/5/2024 10:15

> they seem to have giant management overhead.

Of course they do. It is a lifestyle company, its sole purpose is to provide a very nice living for the directors until the company runs out of other people's money.

[stephh1] 03/5/2024 10:03

I'm starting to get more and more concerned. No new contracts, but they seem to have giant management overhead.

[spectoacc] 02/5/2024 16:02

I see "CRTA", but read "crator".

They'll clearly need more cash, so if the usual buyer is now inside, they'd likely drift until announcement of issue price.

How deep are his pockets..

Been quiet on the new contracts front. Remember that one for c£5k? Revenue, not profit ;-)

[cc2014] 02/5/2024 15:54

Is common sense setting in?

[strange1] 09/4/2024 11:40

How can you only have bookings of $0.7m which includes the slippage from Q4 23. Average deal size is $50k so they will need to be closing at more than 1 per business day for the remaining 9 months to hit the lower end of guidance.

[cc2014] 09/4/2024 08:36

Clearly I know nothing as half an hour in we have a few buyers and no sellers.

It seems those invested believe or have some information I don't see.

[cc2014] 09/4/2024 07:50

We will see where the share price goes today but at a cash burn rate of 5m per qtr and only 13m left, with that level of bookings surely they will be looking to fund raise towards the end of June.

They will be walking back into the territory where customers delay orders because they are not sure the company will exist in a years time.

As a aside I cannot get my head round why CRTA's overhead is so large. My gut says it must be leaking out somewhere.

[spectoacc] 09/4/2024 07:06

Are things just too obvious sometimes? $700k of "bookings" in the quarter, cash down to $13m.

What was not entirely obvious? What does Richard Griffiths see?

Who thinks they'll hit the $13m-$15m for the full year? What month does the cash run out?

[owenski] 08/4/2024 09:34

Hope no one is pumping their new years ISA allocation into this bargepole.

[cc2014] 08/4/2024 09:20

#37

I am still struggling to understand why the share price is 50p as based on the cash burn it's going to need another lump of money.

The stock market is a mystery sometimes

[spectoacc] 05/4/2024 06:51

"..Needs to be rebuilt from the ground up" is a classic. Yes, because there was no remotely viable business in WanDisco in the first place, it was all smoke, mirrors, and fraud.

[bones698] 04/4/2024 17:15

Can't believe it stayed around 50p it's worth half that at best. Reuskts were shocking and another cash raise coming in a few months at latest. Heavily loss making, no sign of getting near break even. Go's knows who's buying shares here they deserve to get shafted tbh. This is a mess and doesn't look like it will get any better. Target 20p

[strange1] 04/4/2024 12:32

This was so predictable and the death spiral starts again. Nobody of scale will engage or renew with a business that could be out of cash in a matter of months. This was alot more investable when it simply fabricated its revenue

[sanks] 04/4/2024 10:07

Do you think it's worth putting in a buy order at 2p for the skirtlift towards 11p??

[dr biotech] 04/4/2024 09:13

This has never looked like a viable company. Except when it was releasing bogus contract news. I remember saying at the last cash raise, any fund manager putting money into this should also put in their own money to match it. Its never going to work.

[owenski] 04/4/2024 08:52

This isn't worth 64m market cap. Those results are awful. Another cash raise will be coming.

This is just a glorified App and is unsustainable on those unjustifiable operating costs.

Bargepole.

[cc2014] 04/4/2024 08:33

"Another example occurred in the third quarter of 2023, where advisors had submitted fees totalling c.$8m for the crisis management and fundraising efforts. The decision to raise c.$30m only to see it diminished to $22m due to external fees compounded our problems"

I just don't get this at all. Who would put in a bunch of money only to see 27% disappear straight from the off.

And seemingly CRTA itself were surprised at the size of the fees, like they hadn't agreed them in advance.

[cc2014] 04/4/2024 08:05

I'm still trying to figure out why anyone put any money in at 50p.

The results seem to confirm my view.

As usual, slippage and jam tomorrow.

[bones698] 04/4/2024 07:58

As predicted nowhere near where they need to be should tank on those rehakt swith only 6 months cash left and heavilyoss making.

Fo rme its not worth 20p mot like 10p but let's see what the market does. I'd expect to see it down 50% at least. I just don't rtae this companies chances or business

[bones698] 03/4/2024 16:55

Next placing coming soon probably try to get it at 50p again and not as big as in these markets everyone is struggling to raise cash. The longer they leave it the lower the price will be now. Lets see if the management are quick or slow to realise this. They have dialed to deliver deals massively and I see this heading south from here